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Overview / Commentary
1721 Medical Park Drive, Suite 103
Biloxi, MS 39531

Charter Bank (MS) is headquartered in Biloxi and is the 63rd largest bank in the state of Mississippi. It is also the 4,389th largest bank in the nation. It was established in 2008 and as of December of 2013, it had grown to 34 employees at 4 locations. Charter Bank (MS) has a B+ health rating.

Reviews (1)

Charter Bank MS

I've found the employees at this bank to be very friendly and helpful. They will work with you whatever your banking needs may be. I'm very pleased.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Charter Bank (MS) had $2.83 million in non-current loans and owned real-estate with $14.49 million in equity and loan loss allowances on hand to cover it. This gives Charter Bank (MS) a Texas Ratio of 19.55% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Charter Bank (MS) increased slightly from 8.33% as of December 31, 2012 to 19.55% as of December 31, 2013, resulting in a negative change of 134.71%. This indicates that the balance sheet and financial strength for Charter Bank (MS) has declined slightly in recent periods.

Deposit Growth


In the past year, Charter Bank (MS) has increased its total deposits by $7.18 million, resulting in 7.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Charter Bank (MS) has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Charter Bank (MS) has $115.27 million in assets with $14.49 million in equity, resulting in a capitalization level of 12.57%, which is excellent.

Institution Statistics

FDIC Certificate #58776
Year Established2008
Primary RegulatorFDIC
Assets and Liabilities
Assets$115.27 million
Loans$78.12 million
Deposits$99.39 million
Equity Capital$13.47 million
Loan Loss Allowance$1.02 million
Unbacked Noncurrent Loans$1.53 million
Real Estate Owned$1.30 million
Historic Data - December 2012
Assets$106.69 million
Equity Capital$14.16 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$1.53 million
Real Estate Owned$1.15 million
Profit Margin - Quarterly
Net Interest Margin4.45%
Return on Assets0.38%
Return on Equity3.04%
Interest Income$4.93 million

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Charter Bank (MS) Locations
Orange Grove/Gulfport Branch12008 Highway 49Gulfport, MS 39503
Pascagoula Branch1519 Jackson AvePascagoula, MS 39567
Charter Bank1721 Medical Park Drive, Suite 103Biloxi, MS 39531
Ocean Springs Branch2206 Bienville BoulevardOcean Springs, MS 39564